Gokul Agro Resources Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
GOKULAGRO · price
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Gokul Agro Resources' board approved standalone Q1 FY26 revenue of Rs. 4,624.95 crore (up ~16% YoY) and net profit of Rs. 64.20 crore (up ~52% YoY), with EPS at Rs. 4.35. Consolidated revenue stood at Rs. 4,924.35 crore and net profit at Rs. 71 crore (~31% YoY growth). The board also approved a 1:2 stock split (from Rs. 2 face value to Rs. 1), issuance of 18 lakh sweat equity shares worth about Rs. 54.6 crore to promoter CMD Kanubhai Thakkar and JMD Jayesh Thakkar at Rs. 303.56/share, and a new ESOP plan covering 28 lakh stock options for employees. CEO Hiteshkumar Thakkar's remuneration was raised to Rs. 17 lakh per month. Statutory auditor Surana Maloo & Co. will be replaced by Pipara & Co. LLP after completing their second term. The 11th AGM is set for September 12, 2025.
Strong quarterly earnings with sharp profit growth and the stock split should improve liquidity and retail participation, though the large sweat equity allotment to promoters is a dilution for existing shareholders. Auditor change is a routine rotation with no concerns flagged by the outgoing auditor.